MINDBODY (NASDAQ:MB) was upgraded by equities researchers at Jefferies Group from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

Several other analysts have also issued reports on the stock. BidaskClub lowered shares of MINDBODY from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. DA Davidson began coverage on shares of MINDBODY in a research report on Wednesday, November 15th. They set a “buy” rating and a $42.00 target price for the company. UBS Group restated a “buy” rating and set a $40.00 target price (up from $34.00) on shares of MINDBODY in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, KeyCorp restated a “buy” rating and set a $32.00 target price on shares of MINDBODY in a research report on Sunday, October 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $32.54.

Shares of MINDBODY (NASDAQ:MB) opened at $31.65 on Monday. MINDBODY has a 12 month low of $21.57 and a 12 month high of $36.25. The company has a market cap of $1,478.06, a P/E ratio of -83.29 and a beta of -0.31. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.06.

MINDBODY (NASDAQ:MB) last announced its earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $46.60 million during the quarter, compared to analyst estimates of $45.59 million. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) earnings per share. research analysts anticipate that MINDBODY will post -0.31 EPS for the current fiscal year.

In other MINDBODY news, CEO Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $31.16, for a total transaction of $552,747.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Luxor Capital Group, Lp bought 83,022 shares of the stock in a transaction dated Monday, October 16th. The stock was bought at an average cost of $27.95 per share, for a total transaction of $2,320,464.90. The disclosure for this purchase can be found here. Insiders have sold 175,087 shares of company stock worth $5,317,856 in the last ninety days. Insiders own 8.22% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of MINDBODY by 2,171.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,111 shares of the technology company’s stock worth $112,000 after buying an additional 3,930 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of MINDBODY by 49.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock worth $137,000 after buying an additional 1,678 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of MINDBODY by 75.5% in the second quarter. Quantbot Technologies LP now owns 6,902 shares of the technology company’s stock worth $187,000 after buying an additional 2,970 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of MINDBODY by 121.4% in the second quarter. Legal & General Group Plc now owns 9,340 shares of the technology company’s stock worth $254,000 after buying an additional 5,122 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in shares of MINDBODY in the third quarter worth $269,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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MINDBODY Company Profile

MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.

The Fly

Analyst Recommendations for MINDBODY (NASDAQ:MB)

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